Can I retire at age 57 with 682,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$56,319$55,817$55,328$54,850$54,384$52,517
2 years$27,881$27,361$26,858$26,370$25,897$24,035
3 years$18,402$17,881$17,379$16,896$16,430$14,632
4 years$13,664$13,144$12,647$12,172$11,718$9,997
5 years$10,822$10,305$9,815$9,350$8,908$7,269
6 years$8,928$8,415$7,932$7,477$7,049$5,492
7 years$7,576$7,067$6,591$6,147$5,732$4,259
8 years$6,562$6,058$5,590$5,157$4,756$3,364
9 years$5,774$5,274$4,815$4,392$4,005$2,693
10 years$5,143$4,649$4,198$3,786$3,412$2,178
11 years$4,628$4,139$3,696$3,295$2,935$1,776
12 years$4,199$3,715$3,280$2,890$2,543$1,457
13 years$3,836$3,357$2,930$2,552$2,218$1,202
14 years$3,526$3,051$2,633$2,265$1,944$995
15 years$3,257$2,788$2,377$2,020$1,712$826
16 years$3,022$2,558$2,155$1,809$1,513$688
17 years$2,814$2,355$1,961$1,625$1,341$574
18 years$2,630$2,177$1,790$1,465$1,193$480
19 years$2,466$2,017$1,639$1,323$1,063$402
20 years$2,318$1,874$1,504$1,199$950$337
21 years$2,184$1,746$1,383$1,088$850$283
22 years$2,063$1,630$1,275$989$762$238
23 years$1,952$1,524$1,177$901$684$200
24 years$1,851$1,428$1,089$822$615$168
25 years$1,758$1,340$1,008$750$553$142
26 years$1,673$1,260$935$686$498$119
27 years$1,593$1,185$868$628$449$100
28 years$1,520$1,117$807$575$405$85
29 years$1,452$1,054$751$528$366$71
30 years$1,388$995$700$484$331$60
31 years$1,329$941$652$445$299$51
32 years$1,273$890$609$409$270$43
33 years$1,221$843$568$376$245$36
34 years$1,172$799$531$346$222$30
35 years$1,127$758$497$318$201$26
36 years$1,083$719$464$293$182$22
37 years$1,042$683$435$270$165$18
38 years$1,004$649$407$249$149$15
39 years$967$617$381$230$135$13
40 years$932$587$358$212$123$11
41 years$900$559$335$195$111$9
42 years$868$533$314$180$101$8
43 years$839$507$295$166$92$7
44 years$810$484$277$154$83$6
45 years$783$461$260$142$76$5
46 years$758$440$244$131$69$4
47 years$733$420$229$121$62$3
48 years$710$401$216$112$57$3
49 years$687$383$203$103$51$2
50 years$666$366$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $682,000, adding $5,791 every year, while hoping to spend $28,153 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 60/15/25 Blend
56$682,000$682,000$682,000$682,000
57$757,537$721,391$710,820$797,593
58$804,852$726,785$704,678$830,903
59$856,048$731,499$697,387$863,685
60$911,494$735,471$688,878$898,847
61$971,591$738,634$679,080$936,626
62$1,036,782$740,916$667,918$977,286
63$1,107,555$742,242$655,314$1,021,115
64$1,184,444$742,531$641,186$1,068,434
65$1,268,040$741,697$625,449$1,119,597
66$1,358,990$739,651$608,011$1,174,996
67$1,458,008$736,294$588,780$1,235,063
68$1,565,879$731,526$567,658$1,300,275
69$1,683,465$725,238$544,541$1,371,160
70$1,811,718$717,314$519,323$1,448,300
71$1,951,684$707,633$491,891$1,532,340
72$2,104,514$696,065$462,128$1,623,990
73$2,271,476$682,474$429,911$1,724,035
74$2,453,966$666,715$395,112$1,833,342
75$2,653,520$648,633$357,598$1,952,868
76$2,871,830$628,067$317,228$2,083,671
77$3,110,759$604,845$273,857$2,226,918
78$3,372,357$578,783$227,332$2,383,896
79$3,658,884$549,690$177,495$2,556,027
80$3,972,827$517,361$124,177$2,744,883
81$4,316,925$481,582$67,207$2,952,195
82$4,694,195$442,123$6,403$3,179,875
83$5,107,961$398,745$0$3,430,034
84$5,561,882$351,193$0$3,720,603
85$6,059,990$299,197$0$4,041,387
86$6,606,725$242,474$0$4,393,567
87$7,206,978$180,722$0$4,780,330
88$7,866,138$113,626$0$5,205,188
89$8,590,139$40,849$0$5,672,012
90$9,385,521$0$0$6,185,070
91$10,259,486$0$0$6,755,330
92$11,219,970$0$0$7,389,513
93$12,275,714$0$0$8,086,653
94$13,436,351$0$0$8,853,120
95$14,712,491$0$0$9,695,927
96$16,115,824$0$0$10,622,804
97$17,659,232$0$0$11,642,266
98$19,356,903$0$0$12,763,695
99$21,224,476$0$0$13,997,429
100$23,279,175$0$0$15,354,856